Founders’ share classes – which offer special terms to early bird investors in hedge funds – appear to be in decline, as investors become more selective in their allocations and managers potentially opt for more bespoke offerings, a new industry study has suggested.
Sparked by the rapid pace of innovation, the business of managing money is being reshaped by five key trends Find out how firms can meet the challenges head-on.
Argonaut Capital Partners, the London-based European equities-focused long/short manager, has hit back at recent criticism of short sellers by the new governor of the Bank of England, adding there is “no evidence” that the practice is harming the UK economy.
A stronger revalued yuan is vital to any post-coronavirus global economic recovery, with reinvigorated Chinese financial firepower helping to swerve a deep recession in the next year, according to Toscafund Asset Management’s Savvas Savouri.
The Financial Conduct Authority has introduced a temporary ban on the short selling of certain Italian stocks, which will last until the end of Friday’s trading, in a move to calm the sustained frenzied selling following hefty slides in global stock markets this week.
Recent spikes in Korean stock market volatility following the global sell-off could see an upswing in margin calls in its autocallables market, potentially driving the index even lower, with investors taking advantage of the higher volatility to obtain higher yields.
Cineworld, the London-listed cinema group heavily shorted by a number of hedge funds, saw its share price tumble on Thursday amid the continued market sell-off on the back of the coronavirus outbreak.
Merger arbitrage is proving the most resilient hedge fund strategy amid the continued global volatility sparked by the coronavirus outbreak, according to Lyxor Asset Management.